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Pros And Cons Of A Custodial Account For A Child

Friday, April 27, 2012 - 2:00 PM
There are several reasons why you might want to set up a custodial account under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA). But there are also some downsides. This Bible Money Matters blog post has a good overview of custodial accounts and their pros and cons.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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